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Update on Petro

Petro used his previous loan from Kiva as he planned, and due to this, his income increased he was able to add two tables to his cafe. His increase in profit through good business management has improved the quality of life for Petro's family. Petro needs 15,000 hryvnia to buy a new coffee maker, microwave and some other goods for the cafe.
View original language description ↓
Петр использовал предыдущий кредит от КИВА по назначению: за счет этого увеличился его доход и он смог добавить еще два столика в своем кафе. Увеличение прибыли в процессе управления бизнесом способствовало улучшению качества жизни всей семьи Петра.
Петру понадобилась сумма в размере 15 000 гривен для того, чтобы приобрести новую кофеварку, микроволновку и некоторый другой товар для кафе.

Previous Loan Details

Petro is married and his wife is named Olga. Petro has his own business. He owns the Flamingo Cafe in his native village of Korolyovo. The cafe is located in the center of the village. Petro has one employee, and his wife helps him as well. He has been in this business for 10 years. Petro... More from Petro's previous loan »

Additional Information

About HOPE Ukraine

HOPE International, a Christian faith-based non-profit organization, has been operating in Ukraine since 1997. HOPE Ukraine was the organization’s first international venture. In addition to its core microfinance activities, HOPE also supports an active children's ministry in Ukraine in the form of “Tomorrow Clubs,” after-school programs that teach children the gospel through games, skits and songs.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Ukraine

  • $8,200
    Average annual income
  • 5
    View loans »
    Ukraine Loans Fundraising
  • $6,342,700
    Funds lent in using Kiva
  • 8.1
    Ukraine Hryvnia (UAH) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,850 helped Petro buy a new coffee maker, microwave, and some other goods for his cafe.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Jan 25, 2013
Currency Exchange Loss:
Nov 17, 2013